2 Required information The following information applies to the questions displayed below) Part 1 of 3 At December 31, 2017, Hawke Company reports the following results for its calendar year, 25 points Cash sales Credit sales $2,012, 470 2,836,000 In addition, its unadjusted trial balance includes the following items References Recounts receivable Allowance for doubtful accounts $859,308 debit 27,740 debit Required: 1. Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions, a. Bad debts are estimated to be 2% of credit sales. b. Bad debts are estimated to be 1% of total sales. C. An aging analysis estimates that 5% of year-end accounts receivable are uncollectible, Adjusting entries (all dated December 31, 2017), View transaction list Part 1 of 3 View transaction lit 25 points Journal entry worksheet 1 2 Boos Bad debts are estimated to be 2% of credit sales. References Note: Enter debts before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Check my v 3 Part 2 of 3 Required information (The following information applies to the questions displayed below) At December 31, 2017, Hawke Company reports the following results for its calendar year. 2.5 points Cash sales Credit sales $2,012, 470 2,836,000 In addition, its unadjusted trial balance includes the following items. Seferences Accounts receivable Allowance for doubtful accounts $859,308 debit 27,740 debi 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2017, balance sheet given the facts in part 1 Current assets 4 Part 3 of 3 Required information The following information applies to the questions displayed below! At December 81, 2017, Hawke Company reports the following results for its calendar year. 25 points Cash sales Credit sales $2,012,470 2.836,000 ebook In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts 6059,308 debit 27,740 debit 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2017, balance sheet given the facts in partic Current assets